Yarn Imports Corp. is preparing an inventory listing, and is assigning a cost to inventory that arrived on December 29, two days before the end of the year. The following elements of potential cost have been identified:

Invoice price; the amount was prepaid when the goods were ordered because the supplier offered a 5% discount for payment up front. Goods were custom-manufactured for Yarn after the order date.

The invoice price was for $38,000, less 5%

HST on invoice price, $5,415

Interest on borrowed money between the time the deposit was paid and the goods were delivered, $510

Delivery charges, paid by the supplier, $1,100

Required:

Calculate the value to include in inventory of Yarn Imports Corp.